Pottstown School Board Will Keep Property Tax Hike To 2.4% State Limit

Location of Pottstown in Montgomery County

Location of Pottstown in Montgomery County (Photo credit: Wikipedia)

POTTSTOWN — The Pottstown School Board will limit a property tax increase for the 2013-14 school year to 2.4 percent.

Each year about this time, under the state’s Act 1 legislation, school boards must decide whether to have the administration prepare a preliminary budget for examination, or pledge simply to keep beneath the state-determined index or “cap” for any property tax increases required as part of the budget that gets adopted in June.

The law requires that decision to be made 111 days prior to the spring primary.

That’s because if the board decides it wants to adopt a budget with a tax hike higher than the index allows, it must be approved by voters in that election.

Read more:  http://www.pottsmerc.com/article/20130104/NEWS01/130109843/pottstown-school-board-will-keep-property-tax-hike-to-2-4-state-limit#full_story

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